ACH parameters
Arix uses ACH to push money into the account of a borrower, vendor, or creditor. CR must approve every ACH payment that is sent.
There are two types of ACH rails:
COSACH
-
Via NACHA
-
Funded next day
COSACHSD
-
Via NACHA
-
Same day funding
JSON
{
"LoanId": "bbedd717-8589-4411-b6da-ac6e0097bf51",
"Rails": [
{
"ACHFields": {
"StandardEntryClassCode": "PPD",
"TransactionType": "push",
"ToRoutingNumber": "021214891",
"ToAccountType": "Checking",
"ToAccountName": "Anita Lon",
"ToAccountNumber": "9999999999",
"Description": "Loan"
},
"Id": "23b5fedb-bc20-41a0-a4ae-ac9300b4530e",
"RailType": "COSACH",
"Priority": 1,
"Amount": 100
}
]
}
Request parameters
Attributes |
Description |
---|---|
string |
Receiving bank's routing number. Required |
string
|
Name on the customer account. Required |
string |
Account number. Limited to 17 digits. Required |
|
Mapped to identification field in the NACHA file. Required |
string
|
The type of account: - PPD - consumer accounts - CCD - corporate accounts Required |
string |
Push Required |
string |
Checking account or savings account. Required |